A Charlottesville/Albemarle Area RE Blog tracking the market's Boom Bubble Bust Bounce, from 2008 to 2013. The second half of 2010 saw a steep downward spiral in sales; 2011 saw sales volume at 13 yr lo with prices dropping each Quarter. 2012 began with even lower prices which resulted in an uptick in Y/Y sales, and mid-2012 saw "Carpe Diem" trumping "Caveat Emptor." 2013: Booming. Are we a "Protected Market" once again? Time will tell.
* Check out the microblogging on Twitter: @CvilleBubble *

Thursday, July 1, 2010

Halsey Minor Is No Longer A Villain In Charlottesville...But He'll Still Never Finish The Landmark Hotel

Why is it bitter? I think most of the RE bears on this blog are dismayed and frustrated with the RE community in CVille and the country because there is a concerted manipulation conducted by the Fed, the Obama admin and the RE industry. The posts on this blog are backed with history, facts and figures.

3:28, it seems you're a homedebtor who 1. relocated to this area w/in past five years2. bought a house3. it has now gone down in value4. now you read this blog to try to find something to argue with5. but the data shows prices will continue declining

Just believe the same thing you believed when you bought: home prices always go up.

Thanks for removing me from the "Villian" list for spending what is now $13 MILLION trying to undue the work of a crafty incompetent developer who is now bankrupt and his partner a now bankrupt bank.

It really means a lot to me. No seriously.

I know its fun to say things of which you know nothing about and bare no responsibility, but just this one time I will correct you. I unfortunately I own the Landmark. If I win against the FDIC, who is solely protecting the interests of 8 banks that loaned money to the project (I should give their names so you can boycott them) then its possible it could be finished. If they win it will sit and rot under an FDIC bureaucracy.

For actual facts read my article in the Huffington Post this coming Monday and maybe you will stop rooting for big banks and for human beings instead when you become less ignorant and less vocal. I know its more fun to slander a real person than a nameless faceless corporation. The newsstand has scores of publications built on your philosophy, truth be damned.

Va. Housing Development Authority market data for the local Realtors Assn. indicates rising foreclosures, declining prices, then "correction" at least 12 months away.Comparisons: See Current Median Home Prices in Cville, Alb, other parts of VA, and 20 other markets.

Home prices likely lower in 2011, in 85% of the United States' 381 metropolitan areas - PMI Group. Includes graphs.VP Biden - We "Misread the Economy" - VideoThe number of foreclosures keeps rising because mortgageholders can't afford the modifications. Read the data.

Halsey Minor, King of The Tyvek Tower, is being sued not just by contractors, but by the funding bank. TheLandmark Mess continues. City claims it will not bail out the blight on the landscape and a real contrast to the $7.5 million in bricks at the base of the steel girders.